Agreed.
The DRP policy is good with regal.
Unlike others, which don't go off the best prevailing price - whether it be the NAV or the share price.
Some, like Magellan for instance, don't consider which is cheaper - the NAV or share price. For instance, if the share price is cheaper than the NAV - they will still issue shares at NAV - essentially screwing the investor. They aren't alone for this bad practice.
When it comes to LICs and LITs you need to read the small print on DRPs.
Ann: Unitholder Monthly Report for March 2022, page-19
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$3.20 |
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Mkt cap ! $605.0M | |||
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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